PlayAGS, a leading provider of electronic gaming machines and table products, has achieved a significant milestone by securing licensing approval to offer its gaming solutions to casino operators in the US states of Colorado and Missouri.
Licensing Approval:
PlayAGS has successfully obtained the necessary licenses to provide its electronic gaming machines and table products to casino operators in Colorado and Missouri. This expansion into new markets is a pivotal step in the company’s growth strategy.
AGS’s Growth Strategy:
Mark DeDeaux, AGS Senior Vice President and General Manager of Slots, emphasized the significance of this licensing approval in the context of AGS’s overall growth strategy. He highlighted the company’s investments in research and development and its global game studio expansion as key elements of their growth plan.
Partnership with DraftKings:
PlayAGS recently announced a strategic partnership with DraftKings, a prominent player in the online gaming industry. AGS is supplying DraftKings Casino with more than 20 of its exclusive slot titles for use in North American online casino operations.
Missouri Casino Revenue:
The article provides insights into the revenue generated by Missouri’s 13 casinos in July. Despite a slight 1% drop compared to the previous year, the casinos collectively reported $168.5 million in adjusted gross revenue. Key performers included Ameristar St. Charles, Hollywood Casino, Rivers City Casino, Ameristar Kansas City, and Harrahs Kansas City.
Tax Contribution:
The report also highlights the tax contribution from gaming operations in the state of Missouri. In July, the state collected $35.4 million in gaming taxes, representing an increase from the $32 million collected in June.
PlayAGS’s successful licensing approval in Colorado and Missouri signifies a significant step in its expansion efforts. The company’s commitment to growth through partnerships and investment in research and development is evident in its collaboration with DraftKings and its continuous innovation in gaming solutions. Additionally, the insights into Missouri’s casino revenue and tax contributions provide a broader perspective on the gaming industry’s economic impact in the state. PlayAGS’s strategic moves and market expansion position it for continued success in the dynamic world of gaming and entertainment.